E Procurement : Concept and Implementation

e-Procurement enables buyers to embrace the e-business model
for the procurement of all products/services-utilizing the internet to create
collaborative and strategic relationships with their suppliers to dramatically
improve the way their goods and services are purchased.

E-Business ? The use and application of electronic commerce
models and techniques to improve internal and external processes that impact on
the creation, manufacture, storage, and delivery of products across a full
supply chain system.

E-Commerce ? The use of computer to computer technology to
transfer information important to the buying, manufacture, selling,
distribution, serviceing, and accounting processes inherent in supply chain
activities.